Date(s):  August 10, 2010
Time:  12:00 PM - 1:30 PM CENTRAL TIME

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Overview: The objective of this course is to educate healthcare professionals on how to differentiate investments and activities that add value from those that do not add value. Participants will learn how to adopt a set of best practices in financial management that can transform the financial function into a driver of value by understanding comparative return on investment (ROI), which will improve the financial performance of the organization and lower its cost of capital.

Target Audience: CEOs, COOs, CFOs, CMOs, CNOs, participants of the GHA certificate leadership program, department heads, hospital leadership, nursing leadership, nurses and other hospital professionals interested in management, and nursing home administrators

Faculty: Greg Carlson, Assistant Professor and Healthcare Consultant - The University of Alabama at Birmingham.
Birmingham, Alabama

Greg Carlson, Ph.D., is an Assistant Professor and Associate for Healthcare Consulting in the Department of Health Services Administration. His teaching and research interests are focused on organizational culture, clinical quality, leadership, strategic management and the relationship of hospitals with members of their medical staffs. He earned his Ph.D. in Health Services Policy and Management from the University of South Carolina, a Master’s degree in Health Administration from the University of Pittsburgh, and a Bachelor’s degree from Southwest Minnesota State University in Business and Political Science. Prior to his career in academics Dr. Carlson worked as a healthcare executive for over 20 years, 11 years as the CEO of a 500-bed community hospital that resulted from the merger of two competing community hospitals. He serves as the chair of the board of PE 4 Life, an advocacy group focused on the health and academic performance of school age children, and he is the co-author of the book Leading Healthcare Cultures: How Human Capital Drives Financial Performance. The speaker has no real or perceived conflicts of interest that relate to this presentation and there will be no discussion of unlabeled uses of drugs/devices.

Program Topics:
• Corporate philosophy
• Accounting versus finance
• Financial ratio analysis
• Key financial ratios
• Assessing the “risk profile” of your organization
• Environmental assessment of risk
• Anticipating and preparing for a changing environment
• Culture
• Effect of organizational culture on financial performance
• Strategies to link culture and financial management
• Differentiating investments and strategies
• Campaign to reduce healthcare costs by $4 billion
• HFMA recommendation
• Do you know where your profits are?
• Destructive innovation
• The innovator’s prescription
• Best practices in financial management
• Financial terms managers should know

Objectives:
At the completion of this program, the participants will be able to:
1. List ways to assess financial risks
2. Explain the importance of organizational culture on the financial performance of the hospital
3. Differentiate investments and strategies that add value from those investments that do not add value
4. Discuss how to adopt a set of “best practices in financial management” to leverage the finance function measured by comparative performance (RDI)

Registration: Educate Your Entire Staff Quickly and Economically!
Register for this program to educate your entire staff in a short period of time without incurring multiple registration fees or travel expenses. The registration is $195 and includes one toll-free telephone connection and one free internet connection to the presentation. You can gather numerous staff members in one room to “attend” for one economical price. Prior to the program, you will receive a detailed slide presentation and handout materials which you can distribute to all participants, along with the log-in information. If you are registering within 24 hours of the program, please call Barb Jablonski at (402) 742-8163 or e-mail her at bjablonski@nhanet.org to receive your dial/log-in instructions and the copy of the presentation.

Click here to register

For More Information:
Jon Borton
Phone: (402) 742-8147
E-mail: jborton@nhanet.org